Article Number : 1933 |
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| Date | 4/26/2007 8:59:17 AM |
| Written By | LGM & Associates Technical Flooring Services |
| View this article at: | //floorbiz.com/BizResources/NPViewArticle.asp?ArticleID=1933 |
| Abstract | Lancaster, Pa.—Armstrong announced it will initiate a 3% to 5% price increase on commercial vinyl composition tile, and on select commercial and residential sheet vinyl and residential luxury vinyl tile and plank products, effective with shipments on June 1... |
| Article | Lancaster, Pa.—Armstrong announced it will initiate a 3% to 5% price increase on commercial vinyl composition tile, and on select commercial and residential sheet vinyl and residential luxury vinyl tile and plank products, effective with shipments on June 1. “Persistently high raw materials prices due to tight global demand for key feedstocks and higher oil and natural gas prices have necessitated this increase, as have higher transportation costs,” said Dominic Rice, vice president, product management, Commercial Flooring. “Our continuing productivity improvements cannot offset the full cost impact of these increases, making this price increase necessary.” “We do not anticipate that hard surface flooring will continue to gain market share,” commented Alan Cubell, vice president, product management, Residential Sheet. “As a company, we will continue to focus on driving the productivity, innovation and quality initiatives to meet demand and provide our customers superior products and timely service on all Armstrong products.” |